FBI arrests two men in New York connected to Chinese ‘police station’

Here’s what else you need to know about China today:

Beijing drastically reduced the time it plans to shut the airspace north of Taiwan after protests from Taipei, cutting down the no-fly zone scheduled for April 16 to 18 to 27 minutes. China’s original plan, which was set aside for Beijing to conduct “aerospace activities,” had stoked fears of an escalation in tensions right after China’s three-day military drills around Taiwan in response to the Tsai-McCarthy meeting.

Will China and Russia supply Iran with sanctioned missile fuel? According to Politico, the three nations are in advanced secret talks for a deal to provide Tehran with large amounts of ammonium perchlorate (AP), the key chemical compound in solid propellants used to power ballistic missiles. The move would violate a United Nations resolution passed in 2015 that bars countries from supplying Iran with AP without approval from the UN Security Council.

China is leading a rise in export restrictions on key raw materials that risks slowing down the global green energy transition, according to a new OECD report. Beijing, which is a dominant producer of magnesium and manganese, has expanded on the number of restrictions on critical minerals needed for electric vehicles and other forms of renewable energy by a factor of nine in the 11 years leading up to 2020. Meanwhile, the production of critical minerals is becoming more concentrated among the world’s top producers, China, Russia, Australia, South Africa, and Zimbabwe, fueling concerns among import-dependent Western nations about the risks in their access to strategic resources.

Intel’s CEO promised to “collaborate with China” on “digital transformation” and “energy issues.” On his first visit to the P.R.C. since he took the helm of the chip giant in 2021, Patrick Gelsinger stated that China is “one of Intel’s most important markets.”

U.S. Representative Mike Gallagher is confident about stopping American investment in China AI. NBC interviewed the chair of the U.S. House Select Committee on Strategic Competition between the United States and the Chinese Communist Party following his meetings in Silicon Valley last week. He said that there was “broad support” for stopping American asset managers from investing in Chinese AI companies.